Cna Financial Corp (NYSE:CNA) EVP Larry A. Haefner sold 7,457 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $53.25, for a total value of $397,085.25. Following the completion of the sale, the executive vice president now owns 42,460 shares of the company’s stock, valued at $2,260,995. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Cna Financial Corp (NYSE CNA) traded down $0.49 during mid-day trading on Tuesday, hitting $53.11. The company’s stock had a trading volume of 108,601 shares, compared to its average volume of 248,015. Cna Financial Corp has a twelve month low of $41.48 and a twelve month high of $55.62. The stock has a market cap of $14,537.26, a PE ratio of 16.18, a price-to-earnings-growth ratio of 2.70 and a beta of 1.23. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.22.
Cna Financial (NYSE:CNA) last issued its earnings results on Monday, February 12th. The insurance provider reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.23. Cna Financial had a return on equity of 7.64% and a net margin of 9.42%. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the business earned $0.82 EPS. analysts forecast that Cna Financial Corp will post 3.97 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Monday, February 26th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, February 23rd. Cna Financial’s dividend payout ratio is 36.25%.
Several equities research analysts have weighed in on CNA shares. Zacks Investment Research upgraded Cna Financial from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Friday, November 17th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $55.00 target price on shares of Cna Financial in a report on Wednesday, November 1st. Finally, ValuEngine cut Cna Financial from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Cna Financial presently has an average rating of “Hold” and an average price target of $53.33.
Hedge funds and other institutional investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale lifted its stake in shares of Cna Financial by 87.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,774 shares of the insurance provider’s stock worth $146,000 after purchasing an additional 1,294 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in shares of Cna Financial during the 4th quarter worth $211,000. Magnetar Financial LLC purchased a new stake in shares of Cna Financial during the 3rd quarter worth $204,000. Verition Fund Management LLC purchased a new stake in shares of Cna Financial during the 4th quarter worth $229,000. Finally, SG Americas Securities LLC lifted its stake in shares of Cna Financial by 37.9% during the 3rd quarter. SG Americas Securities LLC now owns 4,386 shares of the insurance provider’s stock worth $220,000 after purchasing an additional 1,205 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
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Cna Financial Company Profile
CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.
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